Common use of Negotiable Collateral Clause in Contracts

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit Party, promptly following the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 6 contracts

Samples: Loan, Guaranty and Security Agreement (Gordmans Stores, Inc.), Loan, Guaranty and Security Agreement (Gordmans Stores, Inc.), Loan, Guaranty and Security Agreement (Gordmans Stores, Inc.)

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Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit Partythe applicable Borrower, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 5 contracts

Samples: Loan and Security Agreement (Mercator Software Inc), Loan and Security Agreement (Ultimate Electronics Inc), Loan and Security Agreement (LSB Industries Inc)

Negotiable Collateral. In the event that any Collateral, including --------------------- proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partythe applicable Borrower, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 4 contracts

Samples: Loan and Security Agreement (Cellstar Corp), Loan and Security Agreement (Hologic Inc), Loan and Security Agreement (Learningstar Corp)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit Partythe applicable Borrower, promptly following upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 4 contracts

Samples: Loan and Security Agreement (Trust Created February 25 1986), Loan and Security Agreement (Evergreen Holdings Inc), Loan and Security Agreement (Paincare Holdings Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit Partythe applicable Company, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Telos Corp)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit PartyBorrower, promptly following the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 3 contracts

Samples: Debt and Security Agreement, Loan and Security Agreement (Sharper Image Corp), Loan and Security Agreement (Sharper Image Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit the applicable Loan Party, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (LSB Industries, Inc.), Loan and Security Agreement (Midas Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partythe applicable Borrower, promptly following immediately upon (but in any event within 1 Business Day after) the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Numatics Inc), Loan and Security Agreement (Elgin National Industries Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partythe applicable Guarantor, promptly following upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Security Agreement (Hudson Respiratory Care Inc), Security Agreement (Hudson Respiratory Care Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit PartyBorrower, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (BGF Industries Inc), Loan and Security Agreement (MSC Software Corp)

Negotiable Collateral. In the event that If from time to time any Collateral, including any proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest in such Negotiable Collateral is dependent on or enhanced by possession, such Credit Partythe applicable Borrower, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Fao Inc), Loan and Security Agreement (Right Start Inc /Ca)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit the applicable Loan Party, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (LSB Industries Inc), Loan and Security Agreement (LSB Industries Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partythe applicable Borrower or Guarantor, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Riviera Holdings Corp)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit PartyBorrower, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agentthe Agent or to WFF for the benefit of WFF, Agent and the Lenders under the Intercreditor Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Hudson Respiratory Care Inc)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit PartyBorrower, promptly following upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Interdent Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit Party, promptly following the request of Agent, shall shall, subject to the Intercreditor Agreement, endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan Agreement (Gordmans Stores, Inc.)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partyeach Borrower that has granted a security interest under section 4.1, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Hudson Highland Group Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit each Loan Party, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (E Spire Communications Inc)

Negotiable Collateral. In the event that any Obligor Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partythe applicable Obligor, promptly following immediately upon the request of Agent, shall shall, subject to and in accordance with the provisions of Section 8.10, endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: General Security Agreement (Aegis Communications Group Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of the Collateral Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partythe applicable Obligor, promptly following immediately upon the request of Collateral Agent, shall endorse and deliver physical possession of such Negotiable Collateral to the Bank Agent, to be held by Bank Agent pursuant to the Intercreditor Agreement.

Appears in 1 contract

Samples: Note, Guaranty and Security Agreement (Midas Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or of priority of the Agent’s 's security interest is dependent on or enhanced by possession, such the applicable Credit Party, promptly following immediately upon the request of the Agent, shall endorse and deliver physical possession of such Negotiable Collateral to the Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Corrections Corp of America/Md)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit each Loan Party, promptly following immediately upon the request of AgentAgent after the Revolver Facility Effective Date, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Dairy Mart Convenience Stores Inc)

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Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partythe applicable Company, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Alpine Group Inc /De/)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that the Agent determines in its Permitted Discretion that perfection or priority of the Agent’s security interest is dependent on or enhanced by possession, such Credit Partythe Borrower, promptly following upon the request of Agentthe Agent and subject to the terms of the Subordination Agreement, shall endorse and deliver physical possession of such Negotiable Collateral to the Agent.

Appears in 1 contract

Samples: Credit Agreement (Freshpet, Inc.)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Collateral Agent’s security interest is dependent on or enhanced by possession, such Credit PartyBorrower, promptly following immediately upon the request of Collateral Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Northland Cranberries Inc /Wi/)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit PartyBorrowers, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Security Agreement (Shells Seafood Restaurants Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s the Trustee's security interest is dependent on or enhanced by possession, such Credit Partyeach Debtor, promptly following upon the request of Agentthe Trustee, shall endorse and assign such Negotiable Collateral to the Trustee and deliver physical possession of such Negotiable Collateral to Agentthe Trustee.

Appears in 1 contract

Samples: Security Agreement (MRS Fields Financing Co Inc)

Negotiable Collateral. In the event that any Collateral, including --------------------- proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partythe applicable Borrower, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral composing Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Friede Goldman Halter Inc)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit PartyBorrower, promptly following the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Sharper Image Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partyeach Borrower, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (General Datacomm Industries Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit PartyBorrower, promptly following immediately upon the request of Collateral Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Collateral Agent, as bailee for Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Cutter & Buck Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit Partythe applicable Borrower or applicable Guarantor, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (LSB Industries Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s security interest is dependent on or enhanced by possession, such Credit Partythe Debtor, promptly following upon the request of Agent, shall endorse and assign such Negotiable Collateral to Agent and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Security Agreement (GNLV Corp)

Negotiable Collateral. In the event that any Collateral, including --------------------- proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest interests is dependent on or enhanced by possession, such Credit Partythe Borrower, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (System Software Associates Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines in its Permitted Discretion that perfection or priority of Agent’s 's security interest is dependent on or enhanced by possession, such Credit Partythe Borrower, promptly following immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Big Dog Holdings Inc)

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